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Mar 19, 2013
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cypress, an actual country allegedly, is aiming to rescue the economy by raising 10% of the people's fake accounts. on tuesday lawmakers from the tiny african nation will vote on a plan that will allow them to vacuum up citizen savings. as a condition to receive a 12 billion euro dash that's -- that's not a dollar. and they are rushing to take out their money which lead to the government shutting down all of the banks until at least thursday. most upset about all of this is the russian president, vladimir putin. they are rumored of depositing 19 billion euros in the cypress banks. anyway, let's go live to cypress. >> leave him alone, man. >> almost as good as a hawk eating a mouse video. >> what did this mean for america? and america ferarra as a country. >> cypress is to russia as the caymen islands is to the united states. i don't think it is going to affects our banking system. they had that choice. either that country defaults or they tax the banks and it is the russian money that is in there. >> let's say you have money in the caymen islands. >> oh, i do, greg. >> you probably d
cypress, an actual country allegedly, is aiming to rescue the economy by raising 10% of the people's fake accounts. on tuesday lawmakers from the tiny african nation will vote on a plan that will allow them to vacuum up citizen savings. as a condition to receive a 12 billion euro dash that's -- that's not a dollar. and they are rushing to take out their money which lead to the government shutting down all of the banks until at least thursday. most upset about all of this is the russian...
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Mar 16, 2013
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he could have made a big impact especially when it comes to the economy. and the fiscal crisis that we face. >> dana: i think enough time had passed. i don't think that mitt romney, maybe he would not have gotten a great reception in december. but here we are in march, the weather is about to get better. people start to realize wait, we have a future as a party. they had a good cpac so far. do you think it was important for him to say i'm sorry, i will not be your president, thereby saying what he said in an interview with chris wallace on "fox news sunday." he is not going to run again. >> bob: that is clear. one thing, it reminded me when mondale, we lost 49 out of 50 states. we went before a large liberal group like cpac on the left. and i was terrified. i thought we'd get booed. he got a rousing reception. people don't want to rub it in. the guy lost. romney supports in the room. just like his concession speech. i'll say this about romney. he extremely gracious man. i don't think you see it in politics anymore. that part of him, that personality and po
he could have made a big impact especially when it comes to the economy. and the fiscal crisis that we face. >> dana: i think enough time had passed. i don't think that mitt romney, maybe he would not have gotten a great reception in december. but here we are in march, the weather is about to get better. people start to realize wait, we have a future as a party. they had a good cpac so far. do you think it was important for him to say i'm sorry, i will not be your president, thereby...
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Mar 18, 2013
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he got health care passed and fixed the economy. he has the economy on the right track. the gun issue was not a big deal with him in the beginning. gale marriage was not a big issue, but they have become centerpieces, that's the period he's in at this point. republicans are cooperating to the degree that they appeared to be disorganized enough that he appears to be right on track. >> you know, on that point, in terms of the economy, victoria, the president talking about the budget last week, he said something that the gop just jumped all over. the president said, and i'm quoting him, we don't have an immediate crisis in terms of debt, and the republicans and the right wing went bananas. but then mr. boehner and ryan, of course, agree with him. watch this. >> we do not have an immediate debt crisis, but we all know that we have one looming. >> we do not have a debt crisis right now, but we see it coming. we know it's irrefeetably happeningivities they say the president shouldn't have said it, now you have boehner and ryan saying it, about you if both say we don't have an
he got health care passed and fixed the economy. he has the economy on the right track. the gun issue was not a big deal with him in the beginning. gale marriage was not a big issue, but they have become centerpieces, that's the period he's in at this point. republicans are cooperating to the degree that they appeared to be disorganized enough that he appears to be right on track. >> you know, on that point, in terms of the economy, victoria, the president talking about the budget last...
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Mar 16, 2013
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consumers are concerned about the national economy. they just took a hit in their paychecks as a result of the payroll tax hike, and then on top of that the higher gas prices are going to force them to make some decisions that they wouldn't otherwise have to make. so it's very concerning. >> reporter: pain at the pump is something that all americans can identify with. but many consumers say that they work their budgets around higher gas prices because commuting expenses are nonnegotiable. but how do the higher prices impact the rest of their spending remains to be seen. for "nightly business report," i'm jackie deangelis. >>> while energy prices creep higher, so does optimism about the recovery in the u.s. housing market. one of the nation's largest home builders say the fundamentals in the real estate turn around are strong, and that an increase in home prices is not a bad thing. >> what we're seeing is that prices are moving up, not because costs are moving up so much, but because demand is getting so strong, we're seeing some freein
consumers are concerned about the national economy. they just took a hit in their paychecks as a result of the payroll tax hike, and then on top of that the higher gas prices are going to force them to make some decisions that they wouldn't otherwise have to make. so it's very concerning. >> reporter: pain at the pump is something that all americans can identify with. but many consumers say that they work their budgets around higher gas prices because commuting expenses are nonnegotiable....
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Mar 17, 2013
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economy. so as a for instance, we talked about our visa policy. if we can do things to better facilitate people getting visas in different markets, then they will travel more. we're seeing much greater demand from markets like brazil, india, russia, china to travel to the u.s. if we make it easier for them to do that, then more people will come. so the president got behind this initiative wholeheartedly. they invested in the visa process in brazil, opening up more visa offices. more people are coming, particularly to florida, which we've seen and we benefit from but so does the u.s. economy. >> bob, where does the growth come from from disney in the coming three years. >> in our case it starts with intellectual property and experiences and leveraging that across multiple platforms in multd pell territories. we benefit from technology making this available in more places. one example, a great opportunity for the creators of intellectual property to reach people in new ways. also we see great growth in basically the new franchises we bought or we've
economy. so as a for instance, we talked about our visa policy. if we can do things to better facilitate people getting visas in different markets, then they will travel more. we're seeing much greater demand from markets like brazil, india, russia, china to travel to the u.s. if we make it easier for them to do that, then more people will come. so the president got behind this initiative wholeheartedly. they invested in the visa process in brazil, opening up more visa offices. more people are...
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Mar 19, 2013
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causing the economy to get dinged, stock prices get slammed. people freaking about all this almost nonstop. freak out from cyprus. even as i think it's a silly reason, frankly, to be afraid. i told you i would trust ben bernanke again. he's committed to keeping rates low until it's 6.5%, pretty far away from where we are. i explained why you shouldn't let something that has to happen scare you out of high-quality stocks. and as they come down, i want to start getting more positive. i stated that the rates will go higher. it will be because things are getting better. so i think they are. but bernanke will try to keep the rates low as long as he can. you know what, though, while i think the financial stock charts are showing you rates are about to shoot up big, bond technicians may disagree. i would like to have all sides here. how about we take a more empirical look at the issue. if the fed really is about to stop its bond buying you know what's going to happen first, right, first and foremost. bond prices get hammered, particularly u.s. treasur
causing the economy to get dinged, stock prices get slammed. people freaking about all this almost nonstop. freak out from cyprus. even as i think it's a silly reason, frankly, to be afraid. i told you i would trust ben bernanke again. he's committed to keeping rates low until it's 6.5%, pretty far away from where we are. i explained why you shouldn't let something that has to happen scare you out of high-quality stocks. and as they come down, i want to start getting more positive. i stated...
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Mar 15, 2013
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margins have improved and optimism improved a on the economy improving and there is no reason to think -- >> well, to andy's point of there being a correction of 10%, what is the trigger for that, andy? >> well, the trigger for that would be the fact that once the perception of the fed is cutting back and whether they reduce qe by 20% or whatever the case is, they won't raise the rates in the near term unless of course the economy starts to heat up, and people are going to be panicking and there is going to be a sell-off, because they are going to be afraid that fed put is going to be gone. whether it is gone or not, the fed will probably keep it easier, but there is a lot of speculative money in the markets right now, and i think that the money will find its way out. >> andy, i'm a simple guy and i like the car analogies so we don't need the fed to hit the brakes, but when they take the foot off of the gas and stop the actual purchases in the mortgage-backed market, stocks will drop? >> that is my view. >> okay. bottom line. thank you dan and andy for joining us on the show. have a ni
margins have improved and optimism improved a on the economy improving and there is no reason to think -- >> well, to andy's point of there being a correction of 10%, what is the trigger for that, andy? >> well, the trigger for that would be the fact that once the perception of the fed is cutting back and whether they reduce qe by 20% or whatever the case is, they won't raise the rates in the near term unless of course the economy starts to heat up, and people are going to be...
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Mar 20, 2013
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you've got the good economy. tremendous housing numbers, miraculous retail sales, terrific oil and gas markets. you have the bad economy. weakening commodity prices. slow commercial real estate business. really bad world commerce outlook. real soft information technology sales. you mix them all up together and you get the absolute perfect environment for the fed reserve to stay stock market friendly. that's what happened today. ben bernanke allowed the averages to power higher. the s&p rising today, nasdaq jumping 7.8%. it's not sleight of hand or alchemy at work here, despite what critics say when they constantly slam the fed. >> boo! >> bernanke is not playing a game of move the stock market higher by simply continuing to keep the competition in bonds incredibly weak. he's got a real good reason for doing what he's doing which is staying the course, keeping rates low. that reason? 1937. see, ben bernanke is a rigorous guy. he's a professor. and a genuine scholar of american financial history. it's what he does
you've got the good economy. tremendous housing numbers, miraculous retail sales, terrific oil and gas markets. you have the bad economy. weakening commodity prices. slow commercial real estate business. really bad world commerce outlook. real soft information technology sales. you mix them all up together and you get the absolute perfect environment for the fed reserve to stay stock market friendly. that's what happened today. ben bernanke allowed the averages to power higher. the s&p...
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Mar 14, 2013
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plus, exclusive interview with fedex founder and ceo fred smith about the state of the economy and where it may be headed. "special report" from washington starts at 6:00 eastern. now back to new york and my colleagues with "the five." ♪ ♪ >> dana: all right. pope francis' first full day on the job in vatican city today. he delivered his first mass as pontiff in the sistine chapel. he went to roman basilica to spray privately this morning. a lot of catholics in new york city and around the country were hoping cardinal timny dolan might have gotten the high holy honor but the cardinal says he is happy with the selection and he explained why. >> what we were most looking for is a man of holiness. a man who obviously reflected god to us. a man who was theer logically con versant -- theologically conversant. a good leader and good exercise, good pastoral governance. >> dana: you weren't here yesterday. and andrea, your thoughts, too. what do you think? >> greg: 76. glad they went for the youth vote. new blood there. and i love how the media on other stations discuss how catholic he is. h
plus, exclusive interview with fedex founder and ceo fred smith about the state of the economy and where it may be headed. "special report" from washington starts at 6:00 eastern. now back to new york and my colleagues with "the five." ♪ ♪ >> dana: all right. pope francis' first full day on the job in vatican city today. he delivered his first mass as pontiff in the sistine chapel. he went to roman basilica to spray privately this morning. a lot of catholics in new...
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Mar 13, 2013
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we have the best economy in the world. some money coming out of the emerging market countries. >> thank you very much for that. in the meantime, breaking news on america's budget battle. the federal budget just came out as president obama meets with the speaker john boehner. >> mandy, you're looking, i think, at a live picture of the senate budget committee where the chair woman is laying out her budget proposal. it includes about 1.85 trillion dollars in deficit reduction. half of that from tax increases, half from spending cuts. she has a $100 billion of stimulus put in there. this is while the house republican party is marking up its budget committee resolution. no tax increases. meanwhile the president is meeting behind closing doors now as part of iz his effort to sel his proposal. his own is not coming out until april 8. that is less the point at this stage. all sides are looking at the regular order process as the last potential hope for a grand bargain mixing entitlement cuts and tax increases for this two year con
we have the best economy in the world. some money coming out of the emerging market countries. >> thank you very much for that. in the meantime, breaking news on america's budget battle. the federal budget just came out as president obama meets with the speaker john boehner. >> mandy, you're looking, i think, at a live picture of the senate budget committee where the chair woman is laying out her budget proposal. it includes about 1.85 trillion dollars in deficit reduction. half of...
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Mar 18, 2013
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eight times the side of the economy. if you look at the size of the bailout needed it is unprecedented. eig italy and spain don't even come close to the bank bailout. we used to think spain might need a bailout of 10% of gdp for its banks. can you imagine, that's huge. in cyprus is we're talking 60% of gdp so it's outsized. >> michelle caruso-cabrera, thanks so much for that. 60% of it relies on its banking system and 30% of its deposits are from non-uri on countries. >> it is roughly two-thirds of exxon mobil's capital spending. >> there are people who have missed this move, people who missed it for 6,000 point, 3,000 points and they will point out that is irrelevant, the size of the gdp and this is the next big thing and people will tell you you ought to take your money out of j.p. morgan chase. these are people who have a terrific motive. they have got to catch up with the averages. at the same time, stocks are pretty extended so it's a great excuse. i was going use the fed as a great excuse, but now we have cyprus. i
eight times the side of the economy. if you look at the size of the bailout needed it is unprecedented. eig italy and spain don't even come close to the bank bailout. we used to think spain might need a bailout of 10% of gdp for its banks. can you imagine, that's huge. in cyprus is we're talking 60% of gdp so it's outsized. >> michelle caruso-cabrera, thanks so much for that. 60% of it relies on its banking system and 30% of its deposits are from non-uri on countries. >> it is...
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where the chinese currency appreciates and you have a tremendous a local domestic economy spenders in china who are buying the things that they've been manufacturing because they can afford it because their currency suddenly appreciated remember the u.s. dollar as a percentage of world trade as steadily decrease every quarter of every year for the past twenty years and this trend is now getting to the point where as a percentage of global trade the u.s. dollar will dip below fifty percent at that point you can categorically state that the u.s. dollar is no longer the world reserve currency and. rapidly approaching that number so again here we see a situation where china might have to internationalize let it float suddenly ok that's one thing so in the background that would mean they must be looking at a way to accumulate gold more rapidly if they think that's the situation but on the international stage look at this next headline currency wars central banks in denial or lying and this is from our friend of ponzi planet that comments fire stein and he says a large consumer products com
where the chinese currency appreciates and you have a tremendous a local domestic economy spenders in china who are buying the things that they've been manufacturing because they can afford it because their currency suddenly appreciated remember the u.s. dollar as a percentage of world trade as steadily decrease every quarter of every year for the past twenty years and this trend is now getting to the point where as a percentage of global trade the u.s. dollar will dip below fifty percent at...
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Mar 21, 2013
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anything that goes wrong in the economy, accident, tragic accident like this, paint it like sequestration. for some reason, it's the republicans' fault, somehow, trying to make the link. look to the usda, e-mails or the national park, this is cheap political props. on the back of marines pretty ticked off. >> dana: i was going to ask a media angle of this. harry reid says stuff in the past. when you say this on the floor, the media ignores it and brushes it off. whereas if it's a republican it would be -- >> greg: the definition of insanity is expecting sanity from harry reid. it's your own fault. to expect anything commonsensical from him. can we talk about how he sounds? he has the voice of horse lubery can't. can't -- lubricant. >> dana: how do you know? >> greg: it's metaphor. it spent time on the farm. doesn't he realize, he is insane. that he realizes that he is shooting in his own tent. obama owns the sequestion ration. he has become the attack dog so rabid his handlers aren't safe. we give you the job of defending harry reid. >> greg: toughest job in world. >> bob: top official at
anything that goes wrong in the economy, accident, tragic accident like this, paint it like sequestration. for some reason, it's the republicans' fault, somehow, trying to make the link. look to the usda, e-mails or the national park, this is cheap political props. on the back of marines pretty ticked off. >> dana: i was going to ask a media angle of this. harry reid says stuff in the past. when you say this on the floor, the media ignores it and brushes it off. whereas if it's a...
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Mar 13, 2013
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that the economy, the stocks are very similar. first of all, we're also washington centric these days and so conditioned that the only thing that matters is tax policy even if taxes were so much higher in the roaring bull market and they were scared of their own shadows and they were hated or shunned by people who talk about it. case in point, retail sales. this morning it came out and they were terrific. you should not be shocked if you watch this show that we had the best retail numbers, hardly a month goes by, and stores are telling me over and over again that the things are very strong and the thesis-mongering bears, and the expiration of the payroll tax holiday is devastating. the sequester is devastating, too. it is true that going over the fiscal cliff could have been horrendous and it destroyed confidence, but it certainly cured that. ever since then, the economy is better than anyone seeps to want to talk about. we hear talk that it isn't. those bears endlessly drumming these negatives into our heads and they're thumb-see
that the economy, the stocks are very similar. first of all, we're also washington centric these days and so conditioned that the only thing that matters is tax policy even if taxes were so much higher in the roaring bull market and they were scared of their own shadows and they were hated or shunned by people who talk about it. case in point, retail sales. this morning it came out and they were terrific. you should not be shocked if you watch this show that we had the best retail numbers,...
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Mar 15, 2013
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this index used to be a fairly important measure of the global economy. but too many ships and the only thing the baltic dry index has told us is that it's a real lousy business to be a shipper. had its worst performance in 26 years falling over 41%. thanks to worries about a chinese slowdown as well as an ov oversupply of ships. in fact, when you look at -- sorry. when you look back, the baltic dry index has been in a giant down trend ever since it peaked in may of 2008. the index hit a low of 661 last fall. but i believe we're seeing signs of a bottom in the baltic dry index could at last finally be able to climb. in fact it's already rebounded off its lows. it's up 26% year-to-date. so why do i think it's bottomed? the fact is dry bulk shipping rates simply can't get much lower than where they are now. when rates go this low, they make up a low this level, the ship owners stop taking them on voyages because they don't earn enough to cover the cost of the trip, the hate boat. things are so bad they literally can't get much worse. the dry bulk space goes
this index used to be a fairly important measure of the global economy. but too many ships and the only thing the baltic dry index has told us is that it's a real lousy business to be a shipper. had its worst performance in 26 years falling over 41%. thanks to worries about a chinese slowdown as well as an ov oversupply of ships. in fact, when you look at -- sorry. when you look back, the baltic dry index has been in a giant down trend ever since it peaked in may of 2008. the index hit a low of...
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to bury the economy? >> dana: the goal initially was to raise taxes, which they accomplished in january. when the fiscal cliff thing did not happen. that's why we had the sequester now. do you think he is pivoting to say we shouldn't worry about the debt that much. in the immediate term. as a second term president, aren't you supposed to govern for the longer term and focus on a better course? >> bob: accept now that everyone freaked out about a deficit that does not matter. i ask this question over and over. i'll ask it again. what was it today when you woke up in the morning about the debt that affected your life? the answer is absolutely nothing. the idea of trying to balance -- >> dana: if you're unemployed it might. >> bob: no. no. it has nothing to do with being unemployed. >> eric: you can't throw that premise out there on the table that unaffecteded by the debt. the china says we won't take 3% for the money, we want 6% or 9% or 10%, we're done. game over. they win. >> bob: they destroy themselvese
to bury the economy? >> dana: the goal initially was to raise taxes, which they accomplished in january. when the fiscal cliff thing did not happen. that's why we had the sequester now. do you think he is pivoting to say we shouldn't worry about the debt that much. in the immediate term. as a second term president, aren't you supposed to govern for the longer term and focus on a better course? >> bob: accept now that everyone freaked out about a deficit that does not matter. i ask...
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economy. our series on the anniversary of invasion of iraq catches up with one of the men at the tip of the spear. "special report" starts at 6:00 eastern. now back to new york and my colleagues with "the five." ♪ ♪ >> greg: ho chi min. the show, not albanians had the contestants travel to hanoi, vietnam. they were made to mem mize a communist song, done by a kid in front of a large portrait of the north vietnamese murder dictate or ho chi minh. >> this requires them to watch the performance of the patriotic vietnamese. at the end, they will reveal the words of a celebrated quote. ♪ ♪ >> greg: in the song a contestant said it's like one direction. yes, if it was the massacre of millions of vietnamese. they had to match lyrics to the propaganda posters and then visit b-52 memorial, which was wreckage of shot-down american bomber. >> they make their way to the b-52 memorial. site of the wreckage of a bomber shot down in vietnam war. >> greg: all in all a great tribute to the troops. nice
economy. our series on the anniversary of invasion of iraq catches up with one of the men at the tip of the spear. "special report" starts at 6:00 eastern. now back to new york and my colleagues with "the five." ♪ ♪ >> greg: ho chi min. the show, not albanians had the contestants travel to hanoi, vietnam. they were made to mem mize a communist song, done by a kid in front of a large portrait of the north vietnamese murder dictate or ho chi minh. >> this...
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Mar 20, 2013
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economy. that is down from 70%, 2-1/2 years ago. there is less confidence in the president's ability to fix it. 47% now. 51% last year. the dow is back on a winning streak. the industrial average up for second day in a row. gaining 56. s&p 500 finished ahead 10. nasdaq up 25. we learned idea what cyprus will not do to qualify for international bail-out of the troubled economy. with a tax on savings account out, the lawmakers are scrambling to come up with another plan. senior foreign affairs correspondent greg palkot tells us what is under consideration. >> the banks will remain closed for the rest of the week after a controversial plan to tap in to private savings to bankroll a bail-out rejected by the parliament. we are feeling easier because there might not be a levy on deposits. but the situation could get worse. the officials scram to believe come up with a plan "b" for the near bankrupt country. european union will not put up its share of the $20 billion bail-out without cyprus doing its bit. they offer to mortgage the assets
economy. that is down from 70%, 2-1/2 years ago. there is less confidence in the president's ability to fix it. 47% now. 51% last year. the dow is back on a winning streak. the industrial average up for second day in a row. gaining 56. s&p 500 finished ahead 10. nasdaq up 25. we learned idea what cyprus will not do to qualify for international bail-out of the troubled economy. with a tax on savings account out, the lawmakers are scrambling to come up with another plan. senior foreign...
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the real irony is if the economy does get better, companies will do better and stocks can do better. but bonds, they will almost always do worse. always. i can't think of a single situation where you could own bonds right now, regardless of your age or risk profile. owning a dangerous long-term bond, with that budget deficit we have, come on. i have -- you buy that stuff at 130 versus 100, and first okay, johnson & johnson, common stock with good dividend, and it makes no sense to me, bernanke bashers tell people to sell their bonds. get everyone to sell long-term bond funds, but unless they wise up, these bears will be the enemy of your personal wealth. they have kept you from taking that opportunity and they have no humility and no remorse. nothing. no gain at all. they simply don't think this rally counts. they don't think it matters. and that you couldn't have made any money, and they think that these gains are ill gotten. here is my bottom line. ill gotten gains are gains that are stolen exappropriated or booted. these stock markets gains are totally legitimate, accepted at the
the real irony is if the economy does get better, companies will do better and stocks can do better. but bonds, they will almost always do worse. always. i can't think of a single situation where you could own bonds right now, regardless of your age or risk profile. owning a dangerous long-term bond, with that budget deficit we have, come on. i have -- you buy that stuff at 130 versus 100, and first okay, johnson & johnson, common stock with good dividend, and it makes no sense to me,...
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Mar 20, 2013
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if there is a greater optimism about the economy? do you think that that's going to create anxiety, that the fed will start to scale back earlier than expected or is it a good thing when good news -- >> good news is not good news at the initial. there's too many people expecting that they will do nothing. you have to have it so the vast majority of people expect them to do something. >> it might create a sell-off in the market. >> they have to do it right. yeah, it could. >> could i add something. >> very quickly. >> at the end of the day the fed has to acknowledge the economy. it's good but not good enough. there's no way it's good enough for the fed to stop doing what it's doing. >> how good does the fed see the economy? let's find out right now. >> the federal reserve voting 11-1 to maintain its policy of purchasing $85 billion of mortgage-backed securities and treasuries monthly saying it will continue to make purchases until the labor market shows substantial improvement. that's pretty much exactly as written last time around. t
if there is a greater optimism about the economy? do you think that that's going to create anxiety, that the fed will start to scale back earlier than expected or is it a good thing when good news -- >> good news is not good news at the initial. there's too many people expecting that they will do nothing. you have to have it so the vast majority of people expect them to do something. >> it might create a sell-off in the market. >> they have to do it right. yeah, it could....
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different palestinian territories, ramala has many problems, but much more bustling in terms of the economy, more later model cars, shops and cafes open. in gaza, poverty, donkeys and horses, some cars, but most older and beat up. still right there in the center of gaza city, big posters celebrating what they call martyrs, murderers, terrorists who carried out strikes on israelis, and, hamas, which, of course, controls gaza. economically, it's devastation, wolf. i was at a furniture factory, for example, 150 employees a few years ago, used to trade to israel, ship to the united states and elsewhere, but israel won't accept exports anywhere, so from 150 employees down to to employees. the owner said he blames israel but also hamas and fattah. competing parties is what's causing devastation in gaza and, wolf, i'll tell you this, there is no hope that president obama is going to make anything different, at least not on this trip. >> yeah, maybe they'll start something, but sure nothing much is going to be emerging in the immediate period ahead. john, we'll check back with you tomorrow. thanks
different palestinian territories, ramala has many problems, but much more bustling in terms of the economy, more later model cars, shops and cafes open. in gaza, poverty, donkeys and horses, some cars, but most older and beat up. still right there in the center of gaza city, big posters celebrating what they call martyrs, murderers, terrorists who carried out strikes on israelis, and, hamas, which, of course, controls gaza. economically, it's devastation, wolf. i was at a furniture factory,...
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Mar 16, 2013
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when uncertainty increases in the economy, investment slows down and we all know that. risk capital starts to dry up. the riskiest fornl is venture capital. what we do on the west coast or new arc or whatever it is, silicon valley is the beating heart. >> when you say risk capital, it is ventures that sometimes fail and sometimes are astronomically successful. >> that's part of the job. we're not talking about a huge amount of money per year. we're talking single-digit millions per year and those billions per year create hundreds of billions of dollars in wealth and in job creation and in wealth creation. so that is the money that dries up first and we're seeing it already in silicon valley. >> you're saying the cuts, what's the part that dries it up, the uncertainty our the can you say to the research spending and what's the this i think that most hurts. >> fastest is uncertainty. confidence is the cheapest form of stimulus. when congress is not acting, when it is acting very poorly, when it is acting, what is happening is the all forms of capital, all forms of investm
when uncertainty increases in the economy, investment slows down and we all know that. risk capital starts to dry up. the riskiest fornl is venture capital. what we do on the west coast or new arc or whatever it is, silicon valley is the beating heart. >> when you say risk capital, it is ventures that sometimes fail and sometimes are astronomically successful. >> that's part of the job. we're not talking about a huge amount of money per year. we're talking single-digit millions per...
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Mar 14, 2013
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that money stays in our economy. when we produce a barrel of oil or natural gas in this country we get 80 to 90% of the benefit. if we have to import energy, it's about a dime. so, it has a multiplier effect on our economy. second, we need to reform our corporate tax code. it's unfair. it's not productive. most importantly, it dissuades capital investment. capital ininvestment is almost perfectly correlated with job creation. >> bret: it seems every year we talk about tax reform. >> what has happened is other countries have a much more simple and competitive corporate tax rate. we are the highest now of all the industrialized country. the tax rate at corporate level determined the level of capital expenditures. the top 1,000 companies in the united states account for 60% of all of the capital. the computer, planes, trucks, factories, the machines, things that put people to work. we don't see why the corporate tax rate could not be changed. >> bret: you know this town, you talk to the administration and capitol hill.
that money stays in our economy. when we produce a barrel of oil or natural gas in this country we get 80 to 90% of the benefit. if we have to import energy, it's about a dime. so, it has a multiplier effect on our economy. second, we need to reform our corporate tax code. it's unfair. it's not productive. most importantly, it dissuades capital investment. capital ininvestment is almost perfectly correlated with job creation. >> bret: it seems every year we talk about tax reform. >>...
SFGTV2: San Francisco Government Television
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Mar 18, 2013
03/13
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youth get quality education and training them to be able to compete for the jobs of the 21st century economy. the fact is and i have said this often, you can't give a job to a dead youth. you can't tell that youth not to lose hope. and that they can succeed no matter where you come from for too long. we have seen too much violence in our communities and it must end. yesterday i signed into law the nation's first ban on possession of halopoint ammunition in san francisco. we worked closely with supervisor cohen to introduce this legislation. these extra deadly bullets have no place in our streets. we are also creating an early warning system to alert us when individuals make massive purchases of ammunition, because even if there is a remote possibility we can prevent another tragedy, we are morally bound to do so. and we must support president obama and senator finestien comprehensive effort to reform the gun laws, i support state and federal effort to keep the weapons off of our streets and out of our homes. i have directed our city agencies and law enforcement officials to move towards plan
youth get quality education and training them to be able to compete for the jobs of the 21st century economy. the fact is and i have said this often, you can't give a job to a dead youth. you can't tell that youth not to lose hope. and that they can succeed no matter where you come from for too long. we have seen too much violence in our communities and it must end. yesterday i signed into law the nation's first ban on possession of halopoint ammunition in san francisco. we worked closely with...
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Mar 16, 2013
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♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. so if ydead battery,t tire, need a tow or lock your keys in the car, geico's emergency roadside assistance is there 24/7. oh dear, i got a flat tire. hmmm. uh... yeah, can you find a take where it's a bit more dramatic on that last line, yeah? yeah i got it right here. someone help me!!! i have a flat tire!!! well it's good... good for me. what do you think? geico. fifteen minutes could save you fifteen percent or more on car insurance. >>> this week marks the tenth anniversary of the u.s. led invasion of iraq. u.s. troops are gone, but the bloodshed continues. this week, bombings in baghdad caused dozens of casualties. beyond the countless thousands of lives lost, there's a new accounting of how much the u.s. wasted trying to reshape that country. jim clancy has been looking at the u.s. special inspector's report. >> reporter: america's $60 billion splurge to rebuild iraq, and what went wrong comes under the microscope. >> about 8 billion of the $60
♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. so if ydead battery,t tire, need a tow or lock your keys in the car, geico's emergency roadside assistance is there 24/7. oh dear, i got a flat tire. hmmm. uh... yeah, can you find a take where it's a bit more dramatic on that last line, yeah? yeah i got it right here. someone help me!!! i have a flat tire!!! well it's good... good for me. what do you think? geico. fifteen...
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Mar 20, 2013
03/13
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we don't want to do more of that because we think it is going to hurt the economy. spending is the problem. under our budget spending grows 3.4% on average every single year and just restraining the growth of spending like that gets us to a balanced budget. so hopefully somewhere between our budget, the spending cuts we have, the reforms we have, we can find some common ground. we need to keep talking to each other and hopefully at the end of the day now that we have a budget process that is moving we can find common ground and get an agreement o get a downpayment on the problem. >> in early april the president eventually is going to release his own budget so there will be a house budget, senate budget, the president's budget. do you believe based on the luncheon that you had with the president that he is ready to make compromises that you're ready to make compromises by the end of july, early august there will be what we call a grand bargain? >> i think it would be helpful to the process if he made them publicly. if he actually said on paper here is what i'm willin
we don't want to do more of that because we think it is going to hurt the economy. spending is the problem. under our budget spending grows 3.4% on average every single year and just restraining the growth of spending like that gets us to a balanced budget. so hopefully somewhere between our budget, the spending cuts we have, the reforms we have, we can find some common ground. we need to keep talking to each other and hopefully at the end of the day now that we have a budget process that is...
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Mar 19, 2013
03/13
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on a continent with 16, 20 trillion of economy. that decides to under mind faith they have in the deposit, as if here was declared yes, you a safety deposit insurance. however we are going to take 10% of your savings tomorrow. it will disappear. it will cause run on bank. this could be a long fuse. in the state, they have a 50% tax break for small business and startups. >> listen to this. >> how would you feel if you made a decision four years ago you knew was legally correct and four years later a governing body said it's not correct and you owe us more money and we charge you interest on the money you didn't know you owed? >> bret: that is quite a story. >> it is. >> hard to have sympathy for some of the business owners. they backed a issue on the ballot that was also retroactive. but high taxes is bad for business so the low-tax state like texas draw in businesses with lower unemployment rate. >> this is why people leave california. state budgets are broke and they are trying to raise taxes and the states with the lowest taxatio
on a continent with 16, 20 trillion of economy. that decides to under mind faith they have in the deposit, as if here was declared yes, you a safety deposit insurance. however we are going to take 10% of your savings tomorrow. it will disappear. it will cause run on bank. this could be a long fuse. in the state, they have a 50% tax break for small business and startups. >> listen to this. >> how would you feel if you made a decision four years ago you knew was legally correct and...
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Mar 14, 2013
03/13
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. >> on the economy? >> there is the president of the united states saying it could take a year for iran to develop a nuclear weapon. let's discuss what is going on. that's the first time i heard the president give such a specific timeline, within a year or so iran could have a nuclear weapon. that sounds pretty ominous. >> it does sound ominous. what it shows you is what a difficult diplomatic challenge the president has. because they're negotiating with iran through the six-party talks which are taking place in kazakhstan and there the united states has made some offers that are, you know, trying to help iran move to a kind of win-win place. now he is managing the other dimension of this which is israel. he is trying to convince the israelis that he is serious, that he sees that there is not an infinite amount of time, and he said later in the interview all options are on the table. when i say all options i mean military force and we have substantial capabilities. so he's trying to manage the iranian cl
. >> on the economy? >> there is the president of the united states saying it could take a year for iran to develop a nuclear weapon. let's discuss what is going on. that's the first time i heard the president give such a specific timeline, within a year or so iran could have a nuclear weapon. that sounds pretty ominous. >> it does sound ominous. what it shows you is what a difficult diplomatic challenge the president has. because they're negotiating with iran through the...
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Mar 18, 2013
03/13
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the numbers need to come down for the companies and i'm concerned if i see the strength in the economy and i see the stocks of the companies that benefit from high are rates benefit than the ones getting hurt, then the fed's got to see it, too, right? i think we've come a long way when the fed was clueless and ben bernanke knew nothing. here's the bottom line. the charts say higher rates are coming and they're coming faster than we realize because of a rising economy. that's not going to be slowed by cyprus in particular or europe or even china. that means you have to sell the consumer packaged goods and wait for the packaged to buy the insurers like the metlife. sure, the charts can be wrong, but not every single one of them. stay with cramer. >>> coming up, game time. cramer's got a new take on an old favorite family pass time. all this week, he's taking a look at companies with a stranglehold on their industries that may give their stocks a boost. tonight jim's checking out the friendly sky to see if it's time to take off. >>> believe it or not, you want to educate yourself about bu
the numbers need to come down for the companies and i'm concerned if i see the strength in the economy and i see the stocks of the companies that benefit from high are rates benefit than the ones getting hurt, then the fed's got to see it, too, right? i think we've come a long way when the fed was clueless and ben bernanke knew nothing. here's the bottom line. the charts say higher rates are coming and they're coming faster than we realize because of a rising economy. that's not going to be...
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Mar 14, 2013
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we we believe we need to grow the economy. and miss policies, grow the government at the expense of growing the economy. >> you know what i think is also peculiar about the budget path to prosperity the republicans budget and the senate came out foundation for growth restoring the promise of american opportunity. what's wrong with just saying the senate budget and the house budget. you guys jazz up these names, sort of like you package the branded and i think the american people, they just want a budget. >> just give me a budget. well, it's pretty straight forward and most americans deal with that and i think that most americans also realize that they could live on what the house budget has proposed, 3.4% increase in spending over the next ten years, but it's 4 1/2 trillion dollars less in spending than what the senate democrats are putting forward and the senate democrat budget 1.5 trillion dollars tax increase on top of the 1.7 tri increase we've already seen out of the administration. >> they're going to through closing loo
we we believe we need to grow the economy. and miss policies, grow the government at the expense of growing the economy. >> you know what i think is also peculiar about the budget path to prosperity the republicans budget and the senate came out foundation for growth restoring the promise of american opportunity. what's wrong with just saying the senate budget and the house budget. you guys jazz up these names, sort of like you package the branded and i think the american people, they...
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margins of the shadow banking system is where the fortunes of these underlying economies are going to be determined that have absolutely nothing to do with house prices or wages or jobs or savings it has everything to do with people fighting the currency war in the shadows and we only see the best edges of the of the shooting that's going on when the occasionally you'll see a flash crash or a or a gap opening or some kind of market event but behind the scenes it's a raging is stew of of of quantitative and nightmarish currency bubbles so now that they're concerned mostly about capital crossing their borders plunging itself into their economy and them losing control of their own monetary policy and we've also seen this is switzerland which says twichell in the poorest is a safe haven it's considered safe haven lease a massive inflows of capital during the crisis and they introduce a currency pag now of course china has a currency pegged to the dollar but they say perhaps the real reason behind the amplified currency war rhetoric is that china has been pushed into a tight spot the endga
margins of the shadow banking system is where the fortunes of these underlying economies are going to be determined that have absolutely nothing to do with house prices or wages or jobs or savings it has everything to do with people fighting the currency war in the shadows and we only see the best edges of the of the shooting that's going on when the occasionally you'll see a flash crash or a or a gap opening or some kind of market event but behind the scenes it's a raging is stew of of of...